First Trust Senior Loan ETF (NASDAQ:FTSL) Short Interest Update

First Trust Senior Loan ETF (NASDAQ:FTSL) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 122,200 shares, a decrease of 67.2% from the January 15th total of 372,200 shares. Based on an average daily volume of 288,300 shares, the short-interest ratio is currently 0.4 days.

First Trust Senior Loan ETF Trading Down 0.0 %

NASDAQ FTSL traded down $0.01 during trading on Wednesday, reaching $46.22. 201,654 shares of the company’s stock were exchanged, compared to its average volume of 313,868. First Trust Senior Loan ETF has a fifty-two week low of $45.23 and a fifty-two week high of $46.99. The company’s fifty day simple moving average is $46.31 and its 200-day simple moving average is $46.15.

First Trust Senior Loan ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.2675 per share. The ex-dividend date was Wednesday, January 22nd.

Hedge Funds Weigh In On First Trust Senior Loan ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position in shares of First Trust Senior Loan ETF by 23.8% in the fourth quarter. LPL Financial LLC now owns 1,919,381 shares of the company’s stock valued at $88,752,000 after acquiring an additional 369,005 shares during the period. Raymond James Financial Inc. bought a new position in shares of First Trust Senior Loan ETF during the 4th quarter worth about $66,923,000. One Capital Management LLC raised its position in shares of First Trust Senior Loan ETF by 2.0% during the fourth quarter. One Capital Management LLC now owns 1,016,160 shares of the company’s stock valued at $46,987,000 after buying an additional 19,482 shares during the last quarter. Flaharty Asset Management LLC lifted its stake in shares of First Trust Senior Loan ETF by 1.4% in the fourth quarter. Flaharty Asset Management LLC now owns 755,299 shares of the company’s stock valued at $34,925,000 after buying an additional 10,700 shares during the period. Finally, Welch & Forbes LLC grew its position in First Trust Senior Loan ETF by 1.7% during the fourth quarter. Welch & Forbes LLC now owns 633,271 shares of the company’s stock worth $29,282,000 after buying an additional 10,565 shares in the last quarter.

About First Trust Senior Loan ETF

The First Trust Senior Loan Fund (FTSL) is an exchange-traded fund that is based on the S&P\u002FLSTA U.S. Leveraged Loan 100 index. The fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.